The Metropolitan Stock Exchange (MSE) has received a significant investment of ₹238 crore from a consortium of investors, signaling renewed confidence in the exchange’s potential for growth and revitalization.
The investment, led by Billionbrains Garage Ventures (Groww’s parent), Zerodha’s Rainmatter Investments, Securocorp Securities India, and Share India Securities, will provide MSE with much-needed capital to expand its offerings and attract new investors.
Share India Securities, a publicly listed company, will invest ₹59.5 crore in MSE, acquiring a 4.96% stake in the exchange. The investment is expected to be completed within 60 working days.
Sachin Gupta, CEO of Share India Securities, expressed optimism about the investment, highlighting MSE’s potential to capitalize on new regulatory measures and expand its product offerings, particularly for domestic and international institutional investors.
MSE, formerly known as MCX-SX, was founded in 2008 and quickly emerged as a competitor to the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). However, the exchange faced challenges in recent years, including declining revenues and losses.
This new investment marks a turning point for MSE, providing it with the resources to enhance its platform, attract new investors, and strengthen its position in the Indian stock market. The participation of prominent investors like Billionbrains Garage Ventures and Zerodha’s Rainmatter Investments further underscores the confidence in MSE’s potential for growth and innovation.